Soundhound Ai, Inc. financial data

Symbol
SOUN, SOUNW on Nasdaq
Industry
Services-Prepackaged Software
Location
2093 Philadelphia Pike #1968, Claymont, Delaware
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Archimedes Tech Spac Partners Co (to 5/2/2022)
Latest financial report
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 607 % +426%
Debt-to-equity 198 %
Return On Equity -376 %
Return On Assets -51.1 % +71.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17.5 M shares
Common Stock, Shares, Outstanding 0 shares -100%
Entity Public Float 734 M USD +133%
Common Stock, Value, Issued 1 K USD +118%
Weighted Average Number of Shares Outstanding, Basic 287 M shares +39.7%
Weighted Average Number of Shares Outstanding, Diluted 287 M shares +39.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 6.15 M USD -25.7%
Revenue from Contract with Customer, Excluding Assessed Tax 11.2 M USD +178%
Cost of Revenue 14 M USD +42.8%
Research and Development Expense 52.1 M USD -29.5%
Selling and Marketing Expense 19.6 M USD -13.7%
General and Administrative Expense 31.3 M USD -7.32%
Costs and Expenses 123 M USD -14.6%
Operating Income (Loss) -71.9 M USD +34.7%
Nonoperating Income (Expense) 741 K USD +21.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -90.6 M USD +22%
Income Tax Expense (Benefit) 3.88 M USD +35.4%
Net Income (Loss) Attributable to Parent -94.5 M USD +20.6%
Earnings Per Share, Basic -0.38 USD/shares +26.9%
Earnings Per Share, Diluted -0.38 USD/shares +26.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 212 M USD +357%
Other Assets, Current 3.34 M USD +212%
Assets, Current 234 M USD +339%
Deferred Income Tax Assets, Net 10 K USD -81.8%
Property, Plant and Equipment, Net 4.87 M USD
Operating Lease, Right-of-Use Asset 4.55 M USD -38.5%
Intangible Assets, Net (Excluding Goodwill) 11.6 M USD
Goodwill 5.76 M USD
Other Assets, Noncurrent 686 K USD -58.2%
Assets 287 M USD +297%
Accounts Payable, Current 3 M USD +17.9%
Employee-related Liabilities, Current 8.14 M USD -26.3%
Accrued Liabilities, Current 15.3 M USD +24.7%
Contract with Customer, Liability, Current 3.63 M USD -31.7%
Liabilities, Current 26.5 M USD -36.2%
Contract with Customer, Liability, Noncurrent 4.09 M USD -24.8%
Accrued Income Taxes, Noncurrent 2.32 M USD
Deferred Income Tax Liabilities, Net 13 K USD
Operating Lease, Liability, Noncurrent 2.07 M USD -59.1%
Other Liabilities, Noncurrent 4.64 M USD +8.01%
Liabilities 132 M USD +87.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax 235 K USD
Retained Earnings (Accumulated Deficit) -625 M USD -17.8%
Stockholders' Equity Attributable to Parent 155 M USD +7873%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 28.2 M USD
Liabilities and Equity 287 M USD +297%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -21.9 M USD -50.9%
Net Cash Provided by (Used in) Financing Activities 143 M USD +176%
Net Cash Provided by (Used in) Investing Activities -3.79 M USD -25153%
Common Stock, Shares Authorized 250 M shares +150%
Common Stock, Shares, Issued 0 shares -100%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 117 M USD +216%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 226 M USD +386%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.54 M USD +230%
Deferred Tax Assets, Valuation Allowance 133 M USD +18.4%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 134 M USD +17.5%
Operating Lease, Liability 5.73 M USD -36.4%
Payments to Acquire Property, Plant, and Equipment 99 K USD +560%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -91.5 M USD +21.6%
Lessee, Operating Lease, Liability, to be Paid 6.38 M USD -36.5%
Property, Plant and Equipment, Gross 34.6 M USD
Operating Lease, Liability, Current 2.79 M USD -11.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 928 K USD -71.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.25 M USD -13.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) -281 K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 650 K USD -38.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 471 K USD -48.5%
Deferred Tax Assets, Operating Loss Carryforwards 89.9 M USD +13.7%
Preferred Stock, Shares Issued 70.2 K shares -91.6%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 3.88 M USD +410%
Preferred Stock, Shares Authorized 1 M shares 0%
Unrecognized Tax Benefits 7.6 M USD +23.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 471 K USD +2.84%
Additional Paid in Capital 779 M USD +53.3%
Preferred Stock, Shares Outstanding 70.2 K shares -91.6%
Current State and Local Tax Expense (Benefit) 3 K USD -57.1%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 605 K USD
Depreciation, Depletion and Amortization 2.3 M USD -42.5%
Deferred Tax Assets, Net of Valuation Allowance 1.18 M USD -36.4%
Share-based Payment Arrangement, Expense 6.98 M USD -15.4%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 22.1 M USD +342%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%